Good to Know: Financial Advisor is 6th Best Job in America

According to CNN Money being a financial advisor is the 6thbest job in the United States.  That is no surprise to people already in the industry, but may come as a surprise to those who aren’t familiar with the normal duties of a financial advisor.  So what makes it such a great job?  Primarily, it’s the satisfaction that comes with helping someone achieve their financial dreams.   A few other advantages are listed below:

  • Riders such as an “Accidental Death Benefit” can double or triple the actual death benefit paid. Sometimes the death benefit is scheduled to increase or decrease according to a schedule.
  • If the policy is participating and dividends are used to purchase term insurance or paid-up additions, the death benefit will increase from the face amount of the policy.
  • Outstanding loans and interest on loans due reduce the death benefit paid.
  • Many companies pay interest from date of death, from the time a claim is filed, etc., which increases the death benefit paid.
  • UL policies that have a level at-risk portion of the policy and the death benefit increases as the cash value increases.

So what does it take to become a financial advisor?  The CNN Money article suggests that employers are more likely to hire people with some kind of certification, with the most desired being:

  • CFP® (Certified Financial Planner)
  • CFA (Chartered Financial Analyst)
  • CPA (Certified Public Accountant)

If you’re considering a career change, being a financial advisor is a good place to start. And if the CFP® Certification is of interest, feel free to visit our website to learn more about our online programs.